Bank of Montreal Can Reduces Stock Position in Robert Half Inc. (NYSE:RHI)

Bank of Montreal Can reduced its position in Robert Half Inc. (NYSE:RHI - Free Report) by 46.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,488 shares of the business services provider's stock after selling 39,896 shares during the quarter. Bank of Montreal Can's holdings in Robert Half were worth $3,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mawer Investment Management Ltd. raised its holdings in shares of Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock worth $315,569,000 after acquiring an additional 1,049,005 shares during the period. Cetera Investment Advisers boosted its holdings in Robert Half by 69.6% in the 1st quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider's stock valued at $5,132,000 after purchasing an additional 26,561 shares during the last quarter. Achmea Investment Management B.V. grew its stake in shares of Robert Half by 9.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider's stock valued at $9,741,000 after buying an additional 12,772 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Robert Half by 182.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider's stock worth $1,606,000 after buying an additional 16,212 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Robert Half by 136.3% during the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider's stock valued at $5,656,000 after buying an additional 50,995 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Down 0.4 %

Robert Half stock traded down $0.27 during trading on Thursday, reaching $74.12. The stock had a trading volume of 772,937 shares, compared to its average volume of 1,363,827. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The stock has a market cap of $7.65 billion, a PE ratio of 27.16 and a beta of 1.24. The business has a 50 day moving average price of $70.50 and a 200 day moving average price of $66.04.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. On average, equities analysts predict that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's payout ratio is 77.37%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $69.00.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company's stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.